Looking to diversify beyond OKTG? The ETFs below have the lowest correlation with OKTG — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from OKTG.
Best Diversifiers for OKTG
876 ETFs have low correlation with OKTG (below 0.3), 53 of which are negatively correlated. The least correlated is First Trust North American Energy Infrastructure Fund (EMLP) (MLPs) with a 1Y correlation of -0.27, roughly unchanged from -0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust North American Energy Infrastructure F... | -0.27 | -0.27 | -0.27 | 87 | MLPs | OKTG vs EMLP | |
| ProShares Short Bitcoin ETF | -0.16 | -0.16 | -0.16 | 57 | Cryptocurrency | OKTG vs BITI | |
| Alerian Energy Infrastructure ETF | -0.16 | -0.16 | -0.16 | 77 | Energy Equities | OKTG vs ENFR | |
| iShares Diversified Commodity Swap UCITS ETF | -0.15 | -0.15 | -0.15 | 55 | Commodities | OKTG vs ISCMF | |
| iShares Core High Dividend ETF | -0.15 | -0.15 | -0.15 | 78 | Dividend, Large Cap Value Equities | OKTG vs HDV |
See all 1102 diversifiers for OKTG
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